3 Massaco StSimsbury, CT 06070

Property Details for 3 Massaco St

Year built

1920

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

2,340 SF

Zone code

SCZ

Property type

Office properties

Property subtype

Office buildings

APN

SIMS M:H09 B:202 L:4

APU

SIMSMH09B202L4

Description

This exceptional 2,340 square foot commercial property, situated on a 0.25-acre lot at 3 Massaco Street in Simsbury, Connecticut, presents a unique investment opportunity. The building, boasting a classic colonial architectural style, is zoned SC-1, allowing for a wide range of commercial uses. Potential tenants could include daycare centers, medical practices, offices, retail businesses, group living facilities, and more. Its convenient downtown location offers unparalleled access to a wealth of amenities. Residents and employees will enjoy proximity to shopping centers, recreational areas, outdoor events, schools, places of worship, municipal services, and a diverse selection of restaurants. The interior layout provides considerable flexibility, featuring two half-bathrooms and a partially equipped kitchen. This adaptable space is ideal for businesses seeking a well-situated and versatile property in a thriving Connecticut community. The asking price for this promising commercial property is $450,000. This represents a compelling opportunity to acquire a strategically located asset with significant potential for growth and return on investment. The property's zoning and location make it an attractive prospect for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $386,872

  6.5%

  $357,113

  7%

  $331,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,744

  Geo Method

  $305,744

• Alternative Use

  Use

  Valuation

  Residential

  $442,820

  Hospitality

  $405,620

  Educational

  $337,471

  Medical

  $349,078

  Retail

  $524,955

Location Insight

City

Simsbury

County

Hartford

State

Connecticut

Latitude

41.8812

Longitude

-72.8007

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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